This paper analyzes dynamic changes of China's intra-industry trade with its major trading partners, Japan and the US … empirical results show that, while shares of China's intra-industry trade with both Japan and U.S rose substantially, its intra … indicates that Japanese direct investment in China performed a significant role in enhancing intra-industry trade between Japan …

This paper examines the FDI-exchange rate nexus in the context of one FDI source and two host countries. It focuses on … the effect of exchange rates on relative FDI inflows between the two host countries. The theoretical analysis shows … explicitly that relative FDI inflows are a function of relative real exchange rates. In particular, if one host country devalues …

equations where economic growth, economic reform and FDI are jointly determined. New reforms affect economic growth negatively …, whereas the level of past reform leads to higher growth and attracts FDI. This means that the immediate adjustment cost of new … reforms is counterbalanced by a future increase in FDI inflows and higher future growth through a higher level of past reform …

This study measures the effect of foreign direct investment (FDI) on the productivity of local firms. Unlike earlier … studies, our empirical approach does not require that FDI manifests immediate or permanent effects. We find that foreign entry …

The paper investigates the influences of financial development on patterns of industrial specialization across China … developed financial markets. Both foreign direct investment (FDI) and informal financing channels are shown to play significant … roles in shaping patterns of industrial specialization in China. In contrast, proxies for formal financial markets, e.g. the …

China in the coming years. China had been a prime example of export-led growth, benefiting from learning by doing, and by …, and the Global Financial Crisis forced China toward rebalancing, which is a work in progress. Reflecting on the …

We analyze the business cycles in China and in selected OECD countries between 1992 and 2006 using dynamic correlations … longer history of intensive trading links tend to show slightly higher correlations of business cycles with China. Even … though trade and financial flows do not really increase correlations of business cycles between China and OECD countries …